The refinance would increase the mortgage every month, but I have room to work with on the property so it would still be running cash flow positive.  

If I would be able to increase the rents and then refinance after those 2 years into a conventional loan at a much better rate, it would cash flow about $175-$200 ish/unit/month at that point.

Something has to give, either the rents increased or the bills become tenant paid, preferably both.

Current LayoutPotential Layout will increase the rent by $200-$300

Account Closed Is the hypothesis of the article that demand will increase over time in places that have high quality of life and better affordability? 

If sales volume started increasing I'd be getting worried about a slowdown.

.), bought as a natural person or LLC (in which you own 100%), and get a preliminary title report showing no liens. 

Sorry to pile on, but in the same deal I referred to, I also increased the agreed selling price so the REO bank could buy and install a new HVAC before closing.

Well, that 10% rent increase is mostly likely free and clear due to expenses staying the same. 

Recession resistant asset class (people downsize, move in together, move back home, etc. during recessions)Cash flowing asset (not dependent on market appreciation)People buy a lot of crap and toys during good economic times (and need a place to put it)75% of the facilities in the country are owned by non-institutional owners (opportunity for adding value)Small ($10-30) rental increases create large increases in NOI and property valuationSticky tenant baseUnits are easy to maintain (brick and metal, no amenities, little landscaping)Location, population growth, and barriers to entry matter.